According to the research report titled, ‘Green Data Center Market Size By Component (Solution [Cooling, Networking, Power, Management Software], Service [Installation & Integration, Consulting, Managed]), By Application (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026’, available with MarketStudyReport, global green data center market is anticipated to exceed  USD 35 billion in valuation by 2026.
 

Growth of mega data centers owing to rapid increase in organizational data traffic, and widespread adoption of cloud computing solutions are propelling the growth of global green data center market. Growing generated data and the ability of these solutions to allow companies to decrease power consumption and operational costs are also aiding industry expansion.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/1171786/
 

In addition, escalating demand for storage spaces, rising trend of collocation, and increasing investments for implementing hyperscale and mega data centers are augmenting industry outlook. On the contrary, security concerns related to green storage technologies, incompatibility of these solutions with existing data centers, and high equipment cost are impeding market progression.
 

Based on component type, the management software service segment is expected to amass notable gains over the forecast duration owing to strong demand for minimizing operational costs as well as for their ability to provide high quality IT infrastructure to support new business initiatives.
 

In terms of application spectrum of global green data center market, the IT & telecom segment is projected to amplify significantly through 2026 accreditable to surging inclination towards digitalization of payments and shopping.
 

Regionally speaking, Asia Pacific market is slated to expand considerably during 2019-2026, accreditable to increasing penetration and adoption of technologies like AI, IoT, and cloud in nations like China, India, Singapore, and Japan. Rising number of manufacturing companies along with government initiatives like Digital India to boost the adoption of cloud computing and other technology are also facilitating the business scenario in Asia-Pacific.
 

The prominent companies operating in global green data center industry are Vertiv Co., Verne Global Inc., The Hewlett-Packard Company, The 3M Company, Telefonaktiebolaget LM Ericsson, Tech Mahindra Ltd., Siemens AG, Schneider Electric SE, PCCW Solutions, Microsoft Corporation, International Business Machines Corporation, Huawei Technologies Co. Ltd., Hitachi Ltd., HCL Technologies Ltd., General Electric Company, Fujitsu Limited, Ecodatacenter AB, Eaton Corporation plc, Dell Inc., and Airedale International Air Conditioning Ltd.